BK 8-K Current Reports

Bank of New York Mellon Corp 8-K/A Report, Executive Changes (Oct 16, 2026)

This 8-K filing from The Bank of New York Mellon Corporation (BK) serves as an amendment to a previous filing, primarily to detail committee assignments for a newly elected director. Vikram Malhotra, who was elected to the Board of Directors effective October 1, 2026, has now been appointed to both the Risk Committee and the Finance Committee. These appointments are effective immediately as of October 13, 2026. For investors, this filing is largely administrative and confirms the integration of Mr. Malhotra into the Board's governance structure. The specific committee assignments indicate a focus on key areas of oversight for a financial institution like BNY Mellon, namely risk management and financial strategy. Investors should view these appointments as a normal part of the board's functioning and ongoing oversight responsibilities.

Oct 16, 2026 8-K

Bank of New York Mellon Corp 8-K Report, Financial Results (Oct 15, 2026)

BNY (The Bank of New York Mellon Corporation) reported third-quarter 2026 results that showed solid top-line and earnings growth alongside some pressure on capital and margins. Total revenue rose 12% year-over-year to $5.7 billion, fee revenue grew 12% to $4.1 billion, and net interest income increased 15% to $1.4 billion, driven by reinvestment of securities at higher yields and balance sheet growth. Diluted EPS was $2.34, up 24% year-over-year, though down 4% sequentially. Pre-tax operating margin was 38.5% and ROTCE was 29.0%, both lower sequentially but strong in absolute terms. Noninterest expense rose 8% to $3.5 billion, with management attributing most of the increase to revenue-related costs. Adjusted diluted EPS excluding notable items was $2.37. Capital ratios declined during the quarter. The CET1 ratio fell to 10.9% from 11.0% sequentially and 11.7% a year earlier, and the Tier 1 leverage ratio fell to 5.7% from 5.9% sequentially and 6.1% a year earlier. Management attributed the decline to capital returns of $1.4 billion (including $937 million of buybacks and $436 million of dividends), a decline in accumulated other comprehensive income, and a preferred stock redemption. Average deposits were $311 billion, up 4% year-over-year but down 1% sequentially. Assets under custody and/or administration reached a record $63.4 trillion, up 10% year-over-year. The filing is a routine earnings disclosure under Items 2.02 and 7.01, with the earnings release and financial supplement furnished as exhibits. The 8-K itself contains no new material agreements or events beyond the quarterly results and the associated conference call on October 15, 2026. Investors will likely focus on the sequential softening in margins and capital ratios, the sustainability of net interest income gains as deposit balances decline, and the pace of capital return relative to capital generation.

Oct 15, 2026 8-K

Bank of New York Mellon Corp 8-K Report, Bylaw Amendment (Sep 22, 2026)

The Bank of New York Mellon Corporation (BK) has filed a Certificate of Elimination with the State of Delaware on September 22, 2026. This filing formally removes all provisions related to its Series F Noncumulative Perpetual Preferred Stock from its Restated Certificate of Incorporation. This action is a consequence of the complete redemption of all outstanding shares of the Series F Preferred Stock, which occurred on September 20, 2026. For investors, this development signifies the closure of the Series F Preferred Stock as a class of equity. The elimination from the charter means that the rights and terms associated with this specific preferred stock series no longer exist as part of BK's corporate structure. Investors holding or previously holding this series should take note of its complete extinguishment. The company has provided the Certificate of Elimination as an exhibit to this filing.

Sep 22, 2026 8-K

Leadership ChangesExhibits & Filings

Bank of New York Mellon Corp 8-K Report, Corporate Update (Aug 20, 2026)

On August 20, 2026, The Bank of New York Mellon Corporation (BNY, NYSE: BNY) announced it will fully redeem its Series F Noncumulative Perpetual Preferred Stock and all corresponding Depositary Shares. The filing states there are 10,000 preferred shares and 1,000,000 Depositary Shares outstanding, each Depositary Share representing a 1/100th interest in a preferred share. The redemption date is September 20, 2026, the dividend payment date, and the redemption payment is scheduled for September 21, 2026. The redemption price is $1,000 per Depositary Share, or $100,000 per preferred share. Based on those figures, the aggregate redemption payment is approximately $1.0 billion, excluding any dividend payable on the Payment Date to holders of record. For investors, this is primarily a capital-structure event rather than an operating one. The filing does not discuss the reason for the redemption, the dividend rate, the original issue date, or the expected effect on capital ratios or the cost of capital. Those details would typically be found in the company's earnings materials, capital plan disclosures, or the original preferred stock prospectus. Holders of the Depositary Shares will stop accruing dividends on the Redemption Date and should expect cash payment through DTC and their brokers. Holders should also note that the redemption payment does not include the dividend payable on the Payment Date. The filing is brief and contains a minor internal inconsistency: Item 8.01 and the press release headline refer to 10,000 shares, while the exhibit's headline and body emphasize the 1,000,000 Depositary Shares. The two figures are consistent with each other at the 100:1 ratio. The filing is a routine, pre-announced redemption notice, and it does not, on its own, indicate any change in BNY's broader financial condition or strategy.

Aug 20, 2026 8-K

Bank of New York Mellon Corp 8-K Report, Executive Changes (Aug 13, 2026)

The Bank of New York Mellon Corporation (NYSE: BNY) filed an 8-K on August 13, 2026 to disclose that its Board of Directors elected Vikram "Vik" Malhotra as an independent director, effective October 1, 2026. The appointment expands the Board to 12 directors, 11 of whom will be independent. This is a routine governance event rather than a financial disclosure, and the filing contains no financial results, guidance, or material operational changes. Mr. Malhotra is a senior partner at McKinsey & Company, where he has worked since 1986 and has held leadership roles including Chairman of the Americas and membership on McKinsey's Shareholders Council. His banking and financial services experience and global perspective are the stated rationale for his appointment, according to Chairman and CEO Robin Vince. He will receive standard non-management director compensation, as described in the company's March 5, 2026 proxy statement, so the filing does not indicate any incremental or unusual pay arrangement. For investors, the key takeaway is that BNY is strengthening its board with an experienced strategy and organizational advisor, which may support the company's stated "reimagining BNY" agenda. The announcement carries limited direct valuation impact. Investors may still want to monitor future board committee assignments and any related-party relationships, which the filing does not address.

Aug 13, 2026 8-K

Bank of New York Mellon Corp 8-K Report, Corporate Update (Aug 12, 2026)

The Bank of New York Mellon Corporation (BK) announced on August 12, 2026, the successful issuance of a significant amount of senior medium-term notes totaling $2.5 billion. This issuance comprises three tranches: $300 million in Floating Rate Callable Senior Medium-Term Notes Series J due 2030, $1.2 billion in 4.755% Fixed Rate / Floating Rate Callable Senior Medium-Term Notes Series J due 2030, and $1 billion in 5.182% Fixed Rate / Floating Rate Callable Senior Medium-Term Notes Series J due 2034. These notes were registered under a Form S-3 registration statement, indicating BK's ongoing ability to access capital markets. This move demonstrates BK's strategic capital management and its capacity to fund its operations and growth initiatives. The inclusion of both fixed and floating rate notes provides flexibility and allows the company to adapt to varying interest rate environments. Investors may view this issuance as a sign of financial strength and a commitment by BK to maintain a robust capital structure. The filing also includes legal opinions and consents related to the issuance.

Aug 12, 2026 8-K

Bank of New York Mellon Corp 8-K Report, Rights Modification (Jul 23, 2026)

Bank of New York Mellon Corporation (BK) has filed an 8-K report detailing significant actions related to its capital structure, specifically the issuance of Series N Noncumulative Perpetual Preferred Stock. This issuance, represented by Depositary Shares, introduces new terms that may impact the company's ability to pay dividends on or repurchase its common stock, should dividends on the Series N Preferred Stock not be declared and paid. Investors should note that these restrictions are contingent on the dividend payment status of the preferred stock, which carries a liquidation preference of $100,000 per share. The company has also entered into an Underwriting Agreement for the public offering of these Depositary Shares, each representing a 1/100th interest in a share of the Series N Preferred Stock. This filing provides comprehensive details regarding the terms of the Series N Preferred Stock, its preferences, limitations, and relative rights, as well as the agreements governing its offering and depositary structure, offering transparency into the newly established capital instrument.

Jul 23, 2026 8-K

Bank of New York Mellon Corp 8-K Report, Financial Results (Jul 15, 2026)

BNY reported strong second-quarter 2026 results, with total revenue rising 13% year-over-year to a record $5.7 billion and diluted EPS of $2.45, up 27%. Growth was broad-based across Securities Services, Market and Wealth Services, and Investment and Wealth Management. Pre-tax operating margin expanded to 39.8% and ROTCE reached 31.3%, while noninterest expense rose a more modest 7%, producing 419 basis points of operating leverage (401 bps excluding notable items). Net interest income grew 20% year-over-year on reinvestment of securities at higher yields, and fee revenue rose 11%, driven by net new business, higher market values and client activity. Capital returns were substantial: BNY returned $1.5 billion to common shareholders in the quarter ($371 million in dividends and $1.1 billion in buybacks), for a year-to-date payout ratio of 87%. The company also declared a 19% increase in its quarterly common dividend for 3Q26. Capital ratios moderated slightly: the CET1 ratio was flat sequentially at 11.0% (down from 11.5% a year ago), and the Tier 1 leverage ratio fell to 5.9%, reflecting higher average assets and a preferred stock redemption. Management updated its 2026 outlook to call for revenue growth of 10-11% and expense growth of 6-7%, with operating leverage of roughly 400 bps. The filing is a Form 8-K furnishing the earnings release, financial supplement and presentation under Items 2.02 and 7.01. Preliminary metrics (including June 30, 2026 AUC/A, AUM and regulatory capital ratios) remain subject to change until the 10-Q is filed. Investors should note that quarter-end spot balance sheet figures and the 1Q26 results include some one-time or elevated items, and that the 2Q26 results benefited from higher market values and strong net interest income.

Jul 15, 2026 8-K

Bank of New York Mellon Corp 8-K Report, Corporate Update (Jun 24, 2026)

The Bank of New York Mellon Corporation (BK) has announced a significant intention to increase its quarterly cash dividend on common shares by 19%, raising it from $0.53 to $0.63 per share. This proposed increase is slated to commence as early as the third quarter of 2026, pending formal approval by the Company's Board of Directors. This aggressive dividend hike signals strong confidence from management in the company's financial health and its ability to generate consistent returns for shareholders. Furthermore, BK's performance in the Federal Reserve's 2026 bank stress tests is noteworthy. The company's Stress Capital Buffer (SCB) requirement has remained at the 2.5% floor since its inception in 2020. Importantly, current SCB requirements are extended through 2027, with new calculations to be considered thereafter based on updated models. This stability in its SCB suggests a resilient capital position and a predictable regulatory environment for the near term. The company also reiterated its ongoing authorization for share repurchases under its April 2026 program, offering further flexibility in returning capital to shareholders.

Jun 24, 2026 8-K

Bank of New York Mellon Corp 8-K Report, Bylaw Amendment (Jun 23, 2026)

The Bank of New York Mellon Corporation (BK) has filed a Certificate of Elimination to its Restated Certificate of Incorporation, effective June 23, 2026. This action formally removes all provisions related to its Series H Noncumulative Perpetual Preferred Stock from its charter. This move is a direct consequence of the complete redemption of all outstanding Series H Preferred Stock, which occurred on June 20, 2026. For investors, this filing signifies the extinguishment of the Series H Preferred Stock and the associated rights and obligations. It simplifies the company's capital structure by removing a class of preferred stock that is no longer outstanding. While this is primarily an administrative and structural update, it confirms the successful retirement of this specific preferred stock series and marks the completion of that financial transaction.

Jun 23, 2026 8-K

Bank of New York Mellon Corp 8-K Report, Corporate Update (Jun 12, 2026)

The Bank of New York Mellon Corporation (BNY) announced on June 12, 2026, that it will redeem all outstanding shares of its Series H Noncumulative Perpetual Preferred Stock and the corresponding depositary shares. The filing covers 5,825 preferred shares and 582,500 depositary shares, each depositary share representing a 1/100th interest in a preferred share. The redemption date is June 20, 2026, the dividend payment date for the series. The redemption payment of $1,000 per depositary share ($100,000 per preferred share) is scheduled for June 22, 2026. Aggregate redemption proceeds work out to roughly $582.5 million. For investors, this is a routine capital-management action in which the company retires a fully outstanding preferred series at its stated redemption value. Once the redemption date passes, dividends on the series stop accruing, which reduces future preferred dividend obligations. The filing does not disclose the series' dividend rate, the funding source for the redemption, or any accounting gain or loss on redemption, so the effect on earnings and per-share metrics cannot be determined from this document alone. The filing is a press release incorporated by reference and does not include quantitative financial statements. Investors seeking the impact on capital ratios, the cost of the retired preferred, or the funding plan should review BNY's subsequent periodic reports and any regulatory capital disclosures.

Jun 12, 2026 8-K

Leadership ChangesShareholder Matters

Bank of New York Mellon Corp 8-K Report, Corporate Update (Apr 23, 2026)

The Bank of New York Mellon Corporation (BK) announced on April 23, 2026, the successful issuance of $1.5 billion in aggregate principal amount of Senior Medium-Term Notes Series J. This issuance comprises $750 million of 4.540% Fixed Rate / Floating Rate Callable Senior Medium-Term Notes due 2032 and $750 million of 5.085% Fixed Rate / Floating Rate Callable Senior Medium-Term Notes due 2037. These notes were registered under the Securities Act of 1933 via a Form S-3 registration statement, indicating a routine capital-raising activity. Investors should note the dual fixed-to-floating rate structure and the callable feature on these notes, which may influence future yields and the bank's leverage strategy.

Apr 23, 2026 8-K/A

Bank of New York Mellon Corp 8-K/A Report, Executive Changes (Apr 17, 2026)

The Bank of New York Mellon Corporation (BK) filed an 8-K on April 17, 2026, reporting on key outcomes from its Annual Meeting of Stockholders held on April 14, 2026. The filing confirms the election of all 11 director nominees for terms expiring at the 2027 Annual Meeting, with strong support across the board. Additionally, stockholders provided an advisory vote on the 2025 executive compensation and ratified the appointment of KPMG LLP as the company's independent registered public accountants for the fiscal year ending December 31, 2026. A notable operational update includes the appointment of Mr. Charles F. Lowrey to the Board's Risk Committee and Corporate Governance, Nominating and Social Responsibility Committee, effective immediately. This move suggests a continued focus on oversight in critical areas of the company's operations and strategic direction.

Apr 17, 2026 8-K

Bank of New York Mellon Corp 8-K Report, Financial Results (Apr 16, 2026)

BNY (The Bank of New York Mellon Corporation) reported a strong first quarter 2026, with record total revenue of $5.4 billion, up 13% year-over-year, and diluted EPS of $2.24, up 42%. Management highlighted over 800 basis points of positive operating leverage (325 bps on a GAAP basis, 211 bps excluding notable items), a 37% pre-tax margin, and ROTCE of 29.3%. Fee revenue grew 11% to $3.8 billion, driven by client activity, higher market values, and a weaker U.S. dollar, while net interest income rose 18% to $1.37 billion on reinvestment of securities at higher yields and balance sheet growth. Noninterest expense rose 5% to $3.4 billion, and the provision for credit losses was a $7 million benefit. Assets under custody and/or administration reached a record $59.4 trillion, up 12% year-over-year, while assets under management were $2.1 trillion, up 6%. Capital returns were substantial: BNY returned $1.4 billion to common shareholders in the quarter ($376 million in dividends and $983 million in buybacks), and the board authorized a new $10 billion share repurchase program. The CET1 ratio declined to 11.0% from 11.9% in the fourth quarter, mainly due to higher risk-weighted assets from a single-day spike in overnight loans at quarter-end and higher agency securities lending and FX activity. Management described the decline as tied to temporary balance-sheet effects, and the Tier 1 leverage ratio was steady at 6.0%. Tier 1 capital rose to $26.4 billion, driven by preferred stock issuance. The spot balance sheet at March 31 was temporarily elevated by delayed payment processing, which inflated deposits and reserve balances. For investors, the quarter shows broad-based momentum across Securities Services and Market and Wealth Services, with the Investment and Wealth Management segment as the relative laggard (pre-tax margin of 11%, down from 17% sequentially). Key items to monitor include the CET1 trajectory against the new buyback, sustainability of net interest income as deposit margins compress, and the role of AI-driven efficiency in future expense growth. Figures in this summary are as reported in the earnings release and financial supplement, and the 8-K itself is a transmittal document incorporating those exhibits.

Apr 16, 2026 8-K

Bank of New York Mellon Corp 8-K Report, Rights Modification (Mar 5, 2026)

The Bank of New York Mellon Corporation (BK) has filed an 8-K report detailing the issuance of Series M Noncumulative Perpetual Preferred Stock and associated depositary shares. This issuance introduces new preferences and limitations for existing shareholders. Specifically, the company's ability to declare or pay dividends on, or purchase, redeem, or acquire shares of its common stock or any junior securities will be restricted if dividends on the Series M Preferred Stock are not declared and paid for a preceding dividend period. This filing establishes the legal framework for this new class of preferred stock and its public offering. The report indicates that the Certificate of Designations for the Series M Preferred Stock was filed and became effective on March 4, 2026. Subsequently, on March 5, 2026, BK issued 500,000 depositary shares, each representing a 1/100th interest in a share of the Series M Preferred Stock. This offering was conducted under an Underwriting Agreement with several major financial institutions. Investors should note that the terms of the Series M Preferred Stock, including these dividend restrictions and the liquidation preference, are now a key feature of BK's capital structure and could impact future capital allocation decisions.

Mar 5, 2026 8-K

Bank of New York Mellon Corp 8-K Report, Corporate Update (Feb 26, 2026)

The Bank of New York Mellon Corporation (BK) announced on February 26, 2026, its intention to launch a proposed public offering of depositary shares. These shares represent an interest in a new series of perpetual preferred stock, designated as Series M. The proceeds from this offering are earmarked for general corporate purposes and may specifically be used to redeem all or a portion of its Series F Noncumulative Perpetual Preferred Stock in September 2026. Furthermore, BK indicated it may, though not obligated to, redeem some or all of its Series H Noncumulative Perpetual Preferred Stock in March 2026. Investors should note that both the successful pricing and closing of the offering, as well as the potential redemptions of Series F and Series H preferred stock, are contingent upon market conditions and other factors. The company has cautioned that there is no guarantee these events will occur or that the stated redemption amounts and timings will be finalized.

Feb 26, 2026 8-K

Bank of New York Mellon Corp 8-K Report, Corporate Update (Jan 22, 2026)

The Bank of New York Mellon Corporation (BK) has announced the issuance of $1.55 billion in aggregate principal amount of Senior Medium-Term Notes Series J. This issuance comprises $1.25 billion of 4.026% Fixed Rate / Floating Rate Callable Senior Medium-Term Notes Series J due 2030 and $300 million of Floating Rate Callable Senior Medium-Term Notes Series J due 2030. This debt issuance is registered under the Securities Act of 1933, as amended, via a Form S-3 registration statement. The proceeds from this offering will likely be used for general corporate purposes, which is a standard practice for such debt issuances. Investors interested in BK should note this capital raise as it impacts the company's leverage and capital structure.

Jan 22, 2026 8-K

Leadership ChangesExhibits & Filings

Bank of New York Mellon Corp 8-K Report, Financial Results (Jan 13, 2026)

The Bank of New York Mellon (BK) reported strong fourth-quarter 2025 results on January 13, 2026, closing a year it describes as record for the firm. Q4 total revenue rose 7% year-over-year to $5.2 billion, GAAP diluted EPS was $2.02 (up 31%), and EPS excluding notable items was $2.08 (up 21%). Noninterest expense was flat year-over-year at $3.4 billion, or up 4% excluding notable items, producing 670 bps of positive operating leverage on a GAAP basis. Pre-tax operating margin reached 36% (37% excluding notable items), and ROTCE was 26.6%. Net interest income grew 13% to $1.3 billion, driven by reinvestment of maturing securities at higher yields and balance sheet growth, partly offset by deposit margin compression. Credit quality remained benign, with a $26 million provision benefit. For full-year 2025, BNY reported record net income of $5.3 billion applicable to common shareholders, record revenue of $20.1 billion, diluted EPS of $7.40 (up 28%, or $7.50 excluding notable items), and ROTCE of 26.1%. The company returned $5.0 billion to common shareholders, including $3.5 billion of buybacks and $1.4 billion of dividends, for a total payout ratio of 94%. Capital remained strong, with the CET1 ratio at 11.9% (up from 11.2% a year earlier) and the Tier 1 leverage ratio at 6.0%. AUC/A rose 14% to $59.3 trillion and AUM rose 7% to $2.2 trillion, though AUM carried cumulative net outflows for the year. Looking forward, management issued 2026 guidance calling for total revenue (excluding notable items) up 3–4% and expenses up approximately 5%, which would imply positive operating leverage of roughly 100+ bps for a fourth consecutive year. Management also raised its medium-term targets, now at a pre-tax margin of 33% or higher and ROTCE of 30% or higher (excluding notable items), up from 30% and 23% previously. The guidance assumes market-implied forward rates and flat equity and fixed income market values from year-end 2025 levels. Investors should weigh the strong operating momentum against the sensitivity of net interest income to rate moves and the dependence on market values for fee revenue.

Jan 13, 2026 8-K

Bank of New York Mellon Corp 8-K Report, Executive Changes (Dec 11, 2025)

On December 11, 2025, The Bank of New York Mellon Corporation (BK) disclosed two board and compensation items. First, the Board elected Charles F. Lowrey, former CEO and Chairman of Prudential Financial and current Executive Chairman of Prudential, as an independent director effective February 15, 2026, bringing the Board to 12 directors, 11 of whom are independent. Lowrey will receive standard non-management director compensation. Second, the Human Resources and Compensation Committee approved a large equity award for Chairman and CEO Robin Vince, consisting of RSUs with a grant-date value of $25.0 million and 869,263 stock options. Both vest or become exercisable in two equal installments on the fifth and sixth anniversaries of the grant date, contingent on continued employment, and net option shares carry a two-year post-exercise holding period. The Board framed the award as retention and long-term alignment, citing leadership continuity and market developments in CEO pay. The grant was priced at what the filing describes as an all-time high closing stock price. For investors, the governance addition is incremental, while the CEO award is the more material item: its long vesting horizon and holding period tie a substantial portion of pay to sustained share price performance, but the size and timing at a record stock price warrant attention from shareholders focused on pay-for-performance.

Dec 11, 2025 8-K

Bank of New York Mellon Corp 8-K Report, Financial Results (Oct 16, 2025)

BNY (The Bank of New York Mellon Corporation) reported third-quarter 2025 results on October 16, 2025, delivering record quarterly revenue of $5.1 billion, up 9% year-over-year, and diluted EPS of $1.88, up 25%. Pre-tax operating margin was 36% and ROTCE was 25.6%. Noninterest expense rose 4% to $3.2 billion, producing 493 basis points of year-over-year operating leverage (11 bps sequentially on a GAAP basis). Net interest income climbed 18% year-over-year to $1.24 billion, driven by reinvestment of maturing securities at higher yields, while fee revenue grew 7% to $3.6 billion, supported by higher client activity, market values, and a weaker U.S. dollar. On a notable-items-adjusted basis, EPS was $1.91 (up 26% year-over-year), and the disposal gain, severance, litigation reserves and FDIC special assessment items were small relative to the overall result. Asset servicing metrics were strong, with assets under custody and/or administration (AUC/A) reaching a record $57.8 trillion (up 11% year-over-year, preliminary), while assets under management (AUM) were flat at $2.1 trillion as market gains offset cumulative net outflows. Average deposits of $299 billion were up 5% year-over-year but flat sequentially. Capital position remained solid, with CET1 at 11.7% (up from 11.5% sequentially), a Tier 1 leverage ratio of 6.1%, and $1.2 billion returned to common shareholders in the quarter ($381 million in dividends and $849 million in buybacks). Management highlighted progress on its new commercial model and platforms operating model. Regulatory capital and liquidity ratios are preliminary, and the company noted that preliminary business metrics may change when its 10-Q is filed.

Oct 16, 2025 8-K

Bank of New York Mellon Corp 8-K Report, Bylaw Amendment (Sep 23, 2025)

The Bank of New York Mellon Corporation (BK) has filed a Current Report on Form 8-K, detailing the elimination of its Series G Noncumulative Perpetual Preferred Stock. This action, effective upon filing on September 23, 2025, involved amending the company's Restated Certificate of Incorporation by filing a Certificate of Elimination with the Secretary of State of Delaware. This effectively removes all provisions related to the Series G Preferred Stock from the company's charter documents. Crucially for investors, all outstanding shares of the Series G Preferred Stock were redeemed on September 20, 2025, prior to the filing of the Certificate of Elimination. This signifies a complete retirement of this specific class of preferred stock. Investors holding BK common stock or other outstanding securities should note that this filing primarily pertains to the administrative and corporate governance aspects of eliminating a specific, now-redeemed, class of preferred stock and does not appear to involve any new equity issuance or significant operational changes.

Sep 23, 2025 8-K

Bank of New York Mellon Corp 8-K Report, Corporate Update (Sep 11, 2025)

The Bank of New York Mellon Corporation (BNY, NYSE: BK) announced it will redeem all 10,000 outstanding shares of its Series G Noncumulative Perpetual Preferred Stock and all 1,000,000 corresponding Depositary Shares, each representing a 1/100th interest in a share of Series G Preferred. The redemption date is September 20, 2025, which is also a regular dividend payment date for the preferred. Holders will receive $1,000 per Depositary Share, equivalent to $100,000 per share of Series G Preferred, or roughly $1.0 billion in aggregate principal redemption. Payment is scheduled for September 22, 2025. The redemption payment excludes any separately declared dividend payable on the Payment Date to holders of record on the applicable record date. Dividends stop accruing on the Redemption Date. For common shareholders, this is a routine capital-structure action: retiring perpetual preferred stock removes a fixed-dividend obligation and reduces preferred equity. The filing does not state the reason for the redemption or its effect on regulatory capital ratios, so investors should review BNY's subsequent disclosures or earnings materials for those details. Depositary Shares are redeemed through DTC, and holders should contact their broker or bank for payment.

Sep 11, 2025 8-K

Bank of New York Mellon Corp 8-K Report, Rights Modification (Sep 10, 2025)

The Bank of New York Mellon Corporation (BK) has filed an 8-K report detailing the issuance of its Series L Noncumulative Perpetual Preferred Stock. This issuance, effective September 10, 2025, introduces new dividend restrictions that could impact the company's ability to pay dividends on or repurchase its common stock if preferred dividends are not paid. This filing is crucial for investors as it establishes a new class of preferred equity with specific rights and limitations. The report also outlines the public offering of depositary shares, each representing a fraction of the Series L Preferred Stock, through an underwriting agreement with several prominent financial institutions. The terms of this preferred stock, including its liquidation preference and dividend rights, are detailed in the Certificate of Designations filed with Delaware. Investors should pay close attention to the potential impact on future common stock dividends and the overall capital structure of BNY Mellon.

Sep 10, 2025 8-K

Bank of New York Mellon Corp 8-K Report, Corporate Update (Sep 3, 2025)

The Bank of New York Mellon Corporation (BK) has announced a proposed public offering of depositary shares representing a new series of Series L Noncumulative Perpetual Preferred Stock. The primary purpose of this offering, if completed, is to raise capital for general corporate purposes, with a specific intention to use a portion of the proceeds to redeem its Series H Noncumulative Perpetual Preferred Stock in March 2026. Additionally, the company is considering, but not obligated to, redeem some or all of its Series G Noncumulative Perpetual Preferred Stock in September 2025. Investors should note that both the offering and the potential redemptions are subject to market conditions, pricing, and other considerations, with no guarantee of completion. The filing also includes a cautionary note regarding forward-looking statements, emphasizing that actual results may differ materially from management's current expectations due to various risks and uncertainties.

Sep 3, 2025 8-K

Bank of New York Mellon Corp 8-K Report, Financial Results (Jul 15, 2025)

BNY (The Bank of New York Mellon Corp.) reported strong second-quarter 2025 results on July 15, 2025. Total revenue rose 9% year-over-year to $5.03 billion, the first quarter above $5 billion, while noninterest expense rose only 4% to $3.21 billion, producing 533... more precisely, 633 basis points of GAAP operating leverage and a 37% pre-tax margin. Diluted EPS was $1.93, up 27% year-over-year (or $1.94 excluding notable items, up 28%). Net income applicable to common shareholders was $1.39 billion. Return on tangible common equity (ROTCE, non-GAAP) was 27.8%, and ROE was 14.7%, both up meaningfully from 2Q24. Growth was broad-based. Fee revenue increased 7% on net new business, higher market values, client activity and FX revenue, aided by a weaker U.S. dollar. Net interest income rose 17% to $1.20 billion as maturing securities were reinvested at higher yields and the balance sheet grew, with average deposits up 5% to $300 billion. AUC/A rose 13% to $55.8 trillion, while AUM rose 3% to $2.1 trillion despite cumulative net outflows. The provision for credit losses was a $17 million benefit, driven by commercial real estate reserve releases. Capital returns remained substantial: BNY returned $1.2 billion to common shareholders in the quarter ($346 million in dividends and $895 million in buybacks), for a 92% year-to-date payout ratio. The CET1 ratio held flat at 11.5%, while the Tier 1 leverage ratio fell 17 basis points sequentially to 6.1%. Management declared a 13% increase in the quarterly common dividend for 3Q25 and updated its 2025 outlook. The filing also highlights that the 2Q25 results benefited from a $40 million disposal gain in 1Q25 that did not recur, and that notable items were minimal in the quarter.

Jul 15, 2025 8-K

Bank of New York Mellon Corp 8-K Report, Corporate Update (Jul 1, 2025)

The Bank of New York Mellon Corporation (BK) has announced a significant increase in its quarterly common stock cash dividend, proposing a 13% rise from $0.47 to $0.53 per share, effective as early as the third quarter of 2025, pending Board approval. This move signals management's confidence in the company's financial health and its commitment to returning value to shareholders. Furthermore, BK received notification from the Federal Reserve that its preliminary Stress Capital Buffer (SCB) requirement will remain at the regulatory floor of 2.5% for the period of October 1, 2025, to September 30, 2026. While the Federal Reserve has proposed changes to the SCB calculation methodology, the Company anticipates no material impact on its requirement, which has consistently been at the 2.5% floor since 2020. The existing share repurchase program also remains in place, providing further flexibility for capital management.

Jul 1, 2025 8-K

Bank of New York Mellon Corp 8-K Report, Corporate Update (Jun 12, 2025)

The Bank of New York Mellon Corporation (NYSE: BK) filed an 8-K on June 12, 2025 to disclose a leadership change at the board level. Chief Executive Officer Robin Vince has been elected by the Board to the additional position of Chair of the Board of Directors, effective September 1, 2025. He succeeds Joseph J. Echevarria, who has been chair and will move to the role of lead independent director as of the same date. The election was unanimous, according to the accompanying press release. For investors, this is a governance rather than an operational or financial event. The filing does not disclose any change to financial results, guidance, capital position, or dividends. The combination of CEO and Chair roles in one person is a structural choice that concentrates agenda-setting and strategic authority with Vince. The independent oversight role is preserved through Echevarria's appointment as lead independent director, whose duties include serving as liaison between independent directors and management, setting agendas for executive sessions, and calling meetings of independent directors. Investors may weigh this combined-role structure against the strength of the lead independent director mechanism when assessing board oversight. The press release positions the change as recognition of Vince's roughly three years as CEO, which began August 31, 2022, and frames his expanded role around continuing BNY's transformation, strategy execution, and risk management. The release also cites BNY's scale, with $53.1 trillion in assets under custody and/or administration and $2.0 trillion in assets under management as of March 31, 2025. The filing is informational and carries no financial impact on its face.

Jun 12, 2025 8-K

Bank of New York Mellon Corp 8-K Report, Corporate Update (Jun 10, 2025)

The Bank of New York Mellon Corporation (BK) announced a significant capital raise through the issuance of senior medium-term notes totaling $2 billion. This issuance comprises three tranches: $750 million of 4.441% Fixed Rate/Floating Rate Callable Senior Medium-Term Notes Series J due 2028, $500 million of Floating Rate Callable Senior Medium-Term Notes Series J due 2028, and $750 million of 5.316% Fixed Rate/Floating Rate Callable Senior Medium-Term Notes Series J due 2036. The notes were registered under the Securities Act of 1933 via a Form S-3 registration statement, indicating a pre-established shelf offering. Legal opinions and consents from Sullivan & Cromwell LLP are filed as supporting exhibits.

Jun 10, 2025 8-K

Shareholder Matters

Bank of New York Mellon Corp 8-K Report, Shareholder Vote Results (Apr 16, 2025)

The Bank of New York Mellon Corporation (BK) filed an 8-K report on April 15, 2025, detailing the outcomes of its Annual Meeting of Stockholders held on April 15, 2025. The meeting's primary purpose was to vote on key corporate governance matters. All proposals presented to shareholders passed with substantial support, indicating strong alignment between management and the company's investors on critical issues. Key resolutions included the election of eleven directors, the advisory approval of executive compensation for the 2024 fiscal year, and the ratification of KPMG LLP as the company's independent registered public accounting firm for 2025. The overwhelming approval across all proposals suggests a stable and confident shareholder base, reinforcing the company's strategic direction and leadership.

Apr 16, 2025 8-K

Bank of New York Mellon Corp 8-K Report, Financial Results (Apr 11, 2025)

BNY (The Bank of New York Mellon Corporation) reported first-quarter 2025 results on April 11, 2025, with GAAP diluted EPS of $1.58, up 26% year-over-year (22% excluding notable items), on total revenue of $4.8 billion, up 6% year-over-year. Net income applicable to common shareholders was $1.15 billion, and the pre-tax operating margin improved to 32% from 29% a year earlier. Return on tangible common equity (ROTCE) was 24.2%, versus 20.7% in 1Q24. Management attributed the revenue growth to net interest income up 11% (reinvestment of maturing securities at higher yields), fee revenue up 3%, and a $40 million disposal gain. Noninterest expense rose 2% to $3.3 billion, and the company cited continued investment and efficiency savings. The quarter showed mixed underlying trends. Investment management and performance fees fell 5% year-over-year, and AUM was flat at $2.0 trillion as market gains were offset by cumulative net outflows. Sequentially, total revenue fell 1% and EPS was flat to slightly higher, with the Investment and Wealth Management segment's pre-tax margin dropping to 8% from 20% in 4Q24 (partly from the rebate reclassification and lower seed capital gains). Management emphasized that the outlook for the operating environment is becoming more uncertain, citing tariffs, inflation, and geopolitical risks. Balance sheet and capital metrics strengthened: the CET1 ratio rose to 11.5% from 11.2% at year-end, the Tier 1 leverage ratio reached 6.2%, and BNY returned $1.1 billion to common shareholders, a 95% year-to-date payout ratio. For investors, the key points are strong operating leverage, improving profitability, and a well-capitalized balance sheet, offset by soft asset management fees, a sharp drop in the Investment and Wealth Management margin, and heightened macro uncertainty. The filing itself is a routine earnings disclosure; the substantive information is in the attached earnings release, financial supplement, and quarterly presentation.

Apr 11, 2025 8-K

Bank of New York Mellon Corp 8-K Report, Rights Modification (Mar 14, 2025)

Bank of New York Mellon Corporation (BK) has filed an 8-K report detailing the issuance of Series K Noncumulative Perpetual Preferred Stock and associated depositary shares. This issuance, effective March 14, 2025, introduces new terms that may restrict the company's ability to pay dividends on or repurchase its common stock or any junior securities if dividends on the Series K Preferred Stock are not declared and paid for a preceding dividend period. This move is designed to bolster regulatory capital and financial flexibility. The company has entered into an underwriting agreement for the public offering of 20,000,000 depositary shares, each representing an interest in the Series K Preferred Stock. These shares are being offered to the public to enhance BK's capital structure. Investors should note that the terms and conditions governing this preferred stock, including dividend preferences and redemption rights, are detailed in the Certificate of Designations, which has been filed and incorporated by reference in this report.

Mar 14, 2025 8-K

Bank of New York Mellon Corp 8-K Report, Rights Modification (Mar 10, 2025)

Bank of New York Mellon Corporation (BK) has filed an 8-K report detailing the issuance and public offering of its Series J Noncumulative Perpetual Preferred Stock, represented by Depositary Shares. This issuance introduces new preferred stock that ranks senior to common stock and imposes dividend restrictions on common stock if preferred dividends are not met. The company entered into an underwriting agreement with several major financial institutions for the public offering of 500,000 depositary shares, each representing a 1/100th interest in a share of the Series J Preferred Stock. This move is a significant capital raise and alters the capital structure of BK. Investors should note that the terms of this Series J Preferred Stock, including its liquidation preference of $100,000 per share and dividend rights, are now part of BK's capital structure. The restrictions placed on common stock dividends in the event of missed preferred dividend payments are a key takeaway for common shareholders, potentially impacting dividend payouts. The filing also includes the Certificate of Designations and Deposit Agreement, which provide detailed terms for this new class of preferred stock and its representation.

Mar 10, 2025 8-K

Bank of New York Mellon Corp 8-K Report, Corporate Update (Mar 3, 2025)

Bank of New York Mellon Corp (BK) has announced a proposed public offering of depositary shares, representing interests in a new Series J Non-Cumulative Perpetual Preferred Stock. This offering is subject to market conditions and has not yet been priced. The company intends to use the net proceeds from this offering for general corporate purposes, with a specific possibility of redeeming some or all of its Series G Non-Cumulative Perpetual Preferred Stock in September 2025. Investors should note that both the successful pricing and closing of the new offering, as well as the subsequent redemption of the Series G Preferred Stock, are contingent on various factors and market conditions. There is no guarantee that either event will occur as planned, or at what specific terms. This filing is informational and does not constitute a notice of redemption for the Series G Preferred Stock.

Mar 3, 2025 8-K

Bank of New York Mellon Corp 8-K Report, Corporate Update (Feb 11, 2025)

Bank of New York Mellon Corporation (BK) has announced the issuance of $1.25 billion in 4.942% Fixed Rate / Floating Rate Callable Senior Medium-Term Notes Series J, due in 2031. This debt issuance, which was registered under the Securities Act of 1933, represents a strategic move to manage its capital structure and potentially fund ongoing operations or future growth initiatives. The fixed-to-floating rate feature provides flexibility, allowing the notes to transition to a floating rate in response to market conditions, which could be beneficial in a rising interest rate environment. Investors should note that this is a debt issuance and not an equity offering. The details of the issuance, including the specific legal opinions and consents from Sullivan & Cromwell LLP, are publicly available as exhibits to this Form 8-K filing. This action is a standard component of corporate finance for large institutions like BNY Mellon, aimed at maintaining a robust capital base and optimizing its cost of funding.

Feb 11, 2025 8-K

Bank of New York Mellon Corp 8-K Report, Financial Results (Jan 15, 2025)

Bank of New York Mellon (BNY) reported record fourth-quarter 2024 results, with full-year 2024 net income applicable to common shareholders of $4.3 billion on record revenue of $18.6 billion, and returned $4.4 billion of capital to common shareholders. Fourth-quarter GAAP diluted EPS was $1.54, or $1.72 excluding notable items, which primarily include $165 million of noninterest expense tied to severance and litigation reserves. Total revenue rose 11% year over year to $4.8 billion, and noninterest expense fell 16% to $3.4 billion, largely because the prior-year quarter included a large FDIC special assessment. Excluding notable items, expenses rose 2%, and pre-tax margin was 30% on a GAAP basis, or 34% excluding notable items. The quarter's profitability and balance sheet trends were mixed. Return on tangible common equity was 23.3% (26.1% excluding notable items), supported by fee revenue growth of 9% and net interest income growth of 8%. Capital ratios moved lower, with the CET1 ratio falling to 11.2% from 11.9% in the prior quarter and the Tier 1 leverage ratio falling to 5.7% from 6.0%, reflecting lower accumulated other comprehensive income, capital returns, and higher risk-weighted assets. Management guided to 2025 net interest income of roughly $13.6 billion and fee revenue growth in the mid-single digits, with expenses (excluding notable items) up 1–2%, and it reiterated that it aims to meet or exceed its medium-term targets through the cycle. For investors, the key takeaways are strong operating leverage and margin expansion, offset by a lower CET1 ratio and a shift in the capital return profile. Full-year capital returns of $4.4 billion equaled a 102% total payout ratio, so further capital return pace will depend on earnings growth and capital levels. This summary is drawn only from the filed exhibits and does not reflect any forward-looking commentary beyond the guidance provided.

Jan 15, 2025 8-K

Bank of New York Mellon Corp 8-K Report, Executive Changes (Jan 8, 2025)

This 8-K filing from Bank of New York Mellon Corp (BK) announces the upcoming retirement of Catherine Keating, Senior Executive Vice President and Global Head of Wealth Management. Ms. Keating, a Named Executive Officer, will retire effective April 30, 2025. This change represents a significant transition within the company's senior leadership, specifically impacting the Wealth Management division.

Jan 8, 2025 8-K

Bank of New York Mellon Corp 8-K Report, Executive Changes (Dec 5, 2024)

The Bank of New York Mellon Corporation (BK) has announced a significant leadership transition within its risk management function. Rajashree Datta will join the company as Deputy Chief Risk Officer effective December 15, 2024, and is slated to succeed Senthil Kumar as Chief Risk Officer in the first half of 2025. This change marks a planned succession, with Mr. Kumar, a Named Executive Officer, departing the company. Investors should note this change as effective risk management is crucial for a financial institution like BNY Mellon. While specific details regarding Mr. Kumar's departure terms are not disclosed beyond being "consistent with the Company’s applicable policies," the appointment of Ms. Datta signals a continuation of the company's focus on robust risk oversight. The market will likely monitor Ms. Datta's integration and the ongoing effectiveness of BNY Mellon's risk framework under her future leadership.

Dec 5, 2024 8-K

Bank of New York Mellon Corp 8-K Report, Corporate Update (Nov 20, 2024)

The Bank of New York Mellon Corporation (BK) announced on November 20, 2024, the successful issuance of $750 million in 5.225% Fixed Rate / Floating Rate Callable Senior Medium-Term Notes Series J, due in 2035. This capital raise was conducted under an existing Form S-3 registration statement, indicating that the company has established shelf registration for its debt offerings. The fixed-to-floating rate structure provides flexibility and potential cost savings depending on market interest rate movements. For investors, this issuance signifies BK's ongoing strategy to manage its capital structure and fund its operations. The substantial principal amount suggests the company's continued access to debt markets. While the filing itself does not provide details on the use of proceeds, such issuances are typically used for general corporate purposes, including supporting business growth, managing liquidity, and meeting regulatory capital requirements. Investors should monitor the company's subsequent financial reports for any explicit mention of how these funds will be deployed.

Nov 20, 2024 8-K

Bank of New York Mellon Corp 8-K Report, Financial Results (Oct 11, 2024)

Bank of New York Mellon (BK) reported third-quarter 2024 results on October 11, 2024, with diluted EPS of $1.50 (up 22% year-over-year) and $1.52 excluding notable items (up 20%). Total revenue rose 5% year-over-year to $4.6 billion, driven by fee revenue growth of 5% from higher market values, net new business and foreign exchange revenue, plus net interest income up 3%. Noninterest expense was flat at $3.1 billion, yielding a 33% pre-tax operating margin and a 22.8% return on tangible common equity (23.2% excluding notable items). Assets under custody and/or administration exceeded $50 trillion for the first time, reaching $52.1 trillion (up 14% year-over-year), and assets under management reached $2.1 trillion (up 18%). Capital and balance sheet metrics strengthened. The CET1 ratio rose to 11.9% from 11.4% in the prior quarter, and the Tier 1 leverage ratio reached 6.0%. Average deposits were $285 billion, up 9% year-over-year but flat sequentially. BNY returned $1,078 million to common shareholders, including $725 million of buybacks, though the year-to-date total payout ratio of 103% exceeds earnings for the period. Management also announced the planned acquisition of Archer, a managed-account technology provider, and launched Alts Bridge to broaden investor access to alternatives. The quarter was not without pressure points. Provision for credit losses was $23 million, driven by commercial real estate reserve increases, and the effective tax rate was 22.0%. Net income applicable to common shareholders declined 3% sequentially, and Issuer Services revenue fell 11% quarter over quarter. Investors will watch whether the platforms operating model translates into sustained operating leverage and whether the Archer acquisition closes as planned.

Oct 11, 2024 8-K

Bank of New York Mellon Corp 8-K Report, Corporate Update (Jul 22, 2024)

The Bank of New York Mellon Corporation (BK) filed an 8-K on July 22, 2024, to report on the issuance of new senior medium-term notes. This issuance, totaling $2.4 billion across various tranches and maturities, is a strategic move to bolster its capital structure and potentially fund general corporate purposes. The notes include both fixed and floating rate options, offering flexibility in managing interest rate exposure. Investors should note the specific details of the notes issued: $600 million of 4.890% Fixed Rate / Floating Rate Senior Medium-Term Notes Series J due 2028, $300 million of Floating Rate Callable Senior Medium-Term Notes Series J due 2028, $1.1 billion of 5.060% Fixed Rate / Floating Rate Callable Senior Medium-Term Notes Series J due 2032, and $500 million of 5.606% Fixed Rate / Floating Rate Callable Senior Subordinated Medium-Term Notes Series K due 2039. This diverse issuance reflects the company's approach to debt management and its ongoing operational funding needs.

Jul 22, 2024 8-K

Bank of New York Mellon Corp 8-K Report, Financial Results (Jul 12, 2024)

BNY (The Bank of New York Mellon Corporation) reported second-quarter 2024 results that showed improved profitability and positive operating leverage. GAAP diluted EPS was $1.52, up 16% year-over-year, or $1.51 excluding notable items (up 9%). Total revenue rose 2% to $4.6 billion, driven by a 4% increase in fee revenue to $3.4 billion, with higher market values, net new business and foreign exchange revenue. Net interest income fell 6% to $1.03 billion on balance sheet mix changes, and noninterest expense declined 1% to $3.1 billion, aided by efficiency savings and a lower FDIC special assessment. Pre-tax operating margin reached 33% and ROTCE was 24.6%. Capital strength improved. The CET1 ratio rose to 11.4% from 10.8% in the prior quarter, while the Tier 1 leverage ratio was 5.8%, down 6 bps sequentially. BNY returned $923 million to common shareholders in the quarter, including $322 million in dividends and $601 million in buybacks. Management also raised the quarterly common dividend 12% to $0.47 per share, effective in 3Q24, following the Federal Reserve's 2024 stress test. Year-to-date total payout ratio was 107%. Assets under custody and/or administration reached $49.5 trillion and assets under management $2.0 trillion, both up year-over-year on higher market values. Average deposits grew 3% year-over-year to $285 billion. The filing is largely a Regulation FD and earnings disclosure; it contains no material transaction or other event, and investors will want to watch the net interest margin compression, the 107% payout ratio and the pace of fee growth in future quarters.

Jul 12, 2024 8-K

Bank of New York Mellon Corp 8-K Report, Corporate Update (Jun 28, 2024)

The Bank of New York Mellon Corporation (BK) announced on June 28, 2024, its intention to increase its quarterly common stock cash dividend by 12%, from $0.42 to $0.47 per share, effective as early as the third quarter of 2024, pending board approval. This move signals confidence in the company's financial health and its commitment to returning capital to shareholders. Investors should note that this increase is subject to formal approval by the Board of Directors. Additionally, BK received notification from the Federal Reserve regarding its preliminary Stress Capital Buffer (SCB) requirement, which will remain at 2.5%, the regulatory floor. This is a positive indicator as it suggests the company's capital levels are robust and meet regulatory expectations without being subjected to a higher buffer. The SCB is set to be effective from October 1, 2024, to September 30, 2025. The company also reaffirmed its ongoing authorization for common share repurchases under existing programs, with flexibility in execution methods, contingent on capital position and market conditions.

Jun 28, 2024 8-K

Bank of New York Mellon Corp 8-K Report, Executive Changes (Jun 18, 2024)

This 8-K filing from Bank of New York Mellon Corp (BK) announces a significant leadership change in its technology division. Leigh-Ann Russell is appointed as the new Chief Information Officer (CIO) and Global Head of Engineering, with an expected start date of September 15, 2024. This transition involves the departure of the current CIO, Bridget Engle, whose separation terms were finalized on June 12, 2024. Investors should monitor how this leadership change impacts the company's technology strategy, cybersecurity posture, and operational efficiency going forward.

Jun 18, 2024 8-K

Bank of New York Mellon Corp 8-K Report, Financial Results (Apr 16, 2024)

BNY Mellon (BK) reported first-quarter 2024 results on April 16, 2024, with diluted EPS of $1.25 (GAAP), up 11% year-over-year, or $1.29 excluding notable items (up 14%). Total revenue rose 3% year-over-year to $4.5 billion, driven by an 8% increase in investment services fees (Asset Servicing, Issuer Services, and Clearance and Collateral Management), which more than offset a 14% decline in foreign exchange revenue and an 8% decline in net interest income. Noninterest expense rose 2% to $3.2 billion (1% excluding notable items), producing positive operating leverage and expanded pre-tax margin (29%, or 30% adjusted) and ROTCE (20.7%, or 21.3% adjusted). Balance sheet and capital metrics were stable but showed some pressure. Average deposits grew 2% year-over-year to $279 billion, while the CET1 ratio fell to 10.8% from 11.5% at year-end 2023, reflecting higher risk-weighted assets and capital returns. Total capital return was $1.3 billion, including $988 million of share repurchases, producing a 138% year-to-date total payout ratio, which exceeds earnings. The board authorized a new $6 billion share repurchase program. Provision for credit losses was $27 million, driven by commercial real estate reserve increases. For investors, the quarter shows early progress on BNY Mellon's growth and efficiency initiatives, with double-digit EPS growth and margin expansion. The key watch items are the declining net interest income, the shrinking CET1 ratio given aggressive buybacks, and the reliance on market-value-driven fee growth. The 8-K itself only furnishes the earnings release, financial supplement, and presentation as exhibits and contains no new forward guidance beyond the qualitative outlook in the release.

Apr 16, 2024 8-K

Shareholder Matters

Bank of New York Mellon Corp 8-K Report, Shareholder Vote Results (Apr 10, 2024)

This 8-K filing from The Bank of New York Mellon Corporation (BK) details the results of its Annual Meeting of Stockholders held on April 9, 2024. The key takeaway for investors is that all director nominees were elected with a significant majority of votes cast, indicating continued board confidence. Additionally, stockholders approved, on an advisory basis, the compensation of named executive officers for 2023 and ratified the appointment of KPMG LLP as the independent auditor for the fiscal year ending December 31, 2024. These outcomes suggest stability in corporate governance and financial oversight.

Apr 10, 2024 8-K

Bank of New York Mellon Corp 8-K Report, Corporate Update (Mar 26, 2024)

On March 26, 2024, BNY Mellon filed a supplemental 8-K to republish five quarters of segment and consolidated financial data (4Q22 through 4Q23, plus FY22 and FY23) reflecting two changes: the retrospective adoption on Jan. 1, 2024 of ASU 2023-02 for its renewable energy tax credit investments, and realignments of products across its lines of business. The company states the realignments did not change consolidated results, and the ASU adoption did not materially change consolidated net income or EPS for 2022 or 2023. The exhibit also incorporates a $127 million pre-tax ($97 million after-tax) increase in FDIC special assessment expense, included in the 10-K filed Feb. 28, 2024. The main effect of the ASU change is a reclassification between investment and other revenue and income tax provision: FY23 investment and other revenue rises by $195 million to $480 million, and the tax provision rises by $179 million to $979 million, with net income up only $16 million to $3,304 million. For investors, the restatement is largely presentational. Reported FY23 diluted EPS is essentially unchanged at $3.89 (previously $3.87), and FY22 diluted EPS moves from $2.90 to $2.88. Quarterly changes are small, with 4Q23 net income rising from $203 million to $206 million. Because the exhibit reflects the full-year and quarterly figures as they will be presented going forward, it provides a cleaner baseline for comparing segment performance, especially in Investment and Wealth Management, where the realignment shifts revenue and expense between Investment Management and Wealth Management. The headline 4Q23 figures remain weak relative to prior quarters, driven by the $670 million bank assessment charge (including the FDIC special assessment), which pushed 4Q23 pre-tax margin to 6% and diluted EPS to $0.21. Full-year FY23 results were solid, with net income of $3.3 billion, total revenue up 7% to $17.7 billion, and a CET1 ratio of 11.5% at year-end. The 8-K itself carries no new guidance and no new strategic announcements.

Mar 26, 2024 8-K

Bank of New York Mellon Corp 8-K Report, Corporate Update (Mar 14, 2024)

The Bank of New York Mellon Corporation (BK) announced the issuance of $2 billion in senior medium-term notes, split equally between a $1 billion tranche due 2030 and a $1 billion tranche due 2035. These notes carry interest rates of 4.975% and 5.188% respectively, and feature a callable structure. This issuance is part of BK's ongoing capital management strategy, aimed at strengthening its balance sheet and providing diverse funding sources. Investors should note that these notes are classified as Senior Medium-Term Notes Series J, indicating their place in the capital structure. The fixed-to-floating rate nature of the notes means that after an initial fixed-rate period, the interest rate will adjust based on market conditions, offering potential benefits in a rising rate environment but also introducing floating rate risk. The callable feature provides BK with flexibility to redeem the notes prior to maturity, which could occur if interest rates fall significantly.

Mar 14, 2024 8-K

Bank of New York Mellon Corp 8-K Report, Executive Changes (Mar 5, 2024)

The Bank of New York Mellon Corporation (BK) has filed an 8-K report disclosing the departure of Roman Regelman, Senior Executive Vice President and Global Head of Securities Services and Digital. Mr. Regelman, a Named Executive Officer, will be leaving the company effective April 15, 2024. This departure impacts a key executive responsible for significant operational and strategic areas within the company, including its digital transformation efforts. Investors should monitor the succession plan and transition process for Mr. Regelman's roles, particularly within Securities Services and Digital. The company's ability to smoothly transfer these responsibilities will be crucial for maintaining operational continuity and executing its strategic objectives in these vital segments. The market will likely assess any potential impact on the company's performance and strategic direction resulting from this change in senior leadership.

Mar 5, 2024 8-K

Bank of New York Mellon Corp 8-K Report, Financial Results (Jan 12, 2024)

BNY Mellon's Q4 2023 results, released January 12, 2024, showed headline earnings that were heavily distorted by notable items. GAAP diluted EPS fell 47% year-over-year to $0.33, while adjusted EPS (excluding notable items) rose 1% to $1.28 versus Q3 2023's $1.27 and was down 2% from $1.30 in Q4 2022. Total revenue rose 10% to $4.3 billion, but only about 2% excluding notable items. Noninterest expense rose 20% to $3.9 billion, driven by a $505 million FDIC special assessment, $200 million in severance, and $47 million in litigation reserves. The $150 million reduction in investment revenue, tied to a fair value write-down of a contingent consideration receivable from a prior divestiture, also weighed on results. Reported pre-tax operating margin was 8%, compared with 28% excluding notable items, and GAAP ROTCE was 5.6%, compared with 20.9% adjusted. For the full year 2023, GAAP EPS rose 38% to $4.00 and adjusted EPS rose 10% to $5.05. Total revenue grew 7% to $17.5 billion, led by a 24% increase in net interest revenue to $4.3 billion, while fee revenue slipped 1%. Full-year noninterest expense rose 1% to $13.2 billion, or 3% excluding notable items. Management said it returned $3.9 billion to common shareholders, equal to 123% of earnings, and ended the year with a CET1 ratio of 11.6%, up from 11.2%, and a Tier 1 leverage ratio of 6.0%. Looking ahead, management guided to 2024 net interest revenue down about 10% year-over-year, from $4.3 billion, and flat noninterest expense of about $12.3 billion excluding notable items. It expects fee revenue to rise, with operating leverage of at least zero, and a total payout ratio of at least 100%. Medium-term targets are a pre-tax margin of at least 33%, ROTCE of at least 23%, a Tier 1 leverage ratio of 5.5% to 6%, and a CET1 ratio of about 11%. These targets are described as 3 to 5 year goals. The 8-K itself is a furnishing filing: the earnings release and financial supplement are incorporated by reference, and the earnings release's CEO-commentary and forward-looking sections are excluded from Section 18 liability.

Jan 12, 2024 8-K